401k Plan data: VELOCITA WIRELESS, LLC 401(K) PLAN plan

VELOCITA WIRELESS, LLC 401(K) PLAN 401k Plan overview

Plan Name	VELOCITA WIRELESS, LLC 401(K) PLAN
Plan identification number	001

VELOCITA WIRELESS, LLC 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

VELOCITA WIRELESS, LLC has sponsored the creation of one or more 401k plans.

Company Name: VELOCITA WIRELESS, LLC

Employer identification number (EIN): 260335467

NAIC Classification: 517000

Additional information about VELOCITA WIRELESS, LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations

Incorporation Date:

Company Identification Number: 4368758

More information about VELOCITA WIRELESS, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VELOCITA WIRELESS, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2011-01-01 MICHELE GIRARD
001 2009-01-01 MICHELE GIRARD

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2011-01-01	MICHELE GIRARD
001	2009-01-01	MICHELE GIRARD

Plan Statistics for VELOCITA WIRELESS, LLC 401(K) PLAN

401k plan membership statisitcs for VELOCITA WIRELESS, LLC 401(K) PLAN

Measure Date Value
2011: VELOCITA WIRELESS, LLC 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 111
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 1
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 74
Total of all active and inactive participants 2011-01-01 75
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 75
Number of participants with account balances 2011-01-01 74
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2009: VELOCITA WIRELESS, LLC 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 267
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 25
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 130
Total of all active and inactive participants 2009-01-01 155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 155
Number of participants with account balances 2009-01-01 145
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2011: VELOCITA WIRELESS, LLC 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	111
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	1
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	74
Total of all active and inactive participants	2011-01-01	75
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	75
Number of participants with account balances	2011-01-01	74
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2009: VELOCITA WIRELESS, LLC 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	267
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	25
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	130
Total of all active and inactive participants	2009-01-01	155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	155
Number of participants with account balances	2009-01-01	145
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on VELOCITA WIRELESS, LLC 401(K) PLAN

Measure	Date	Value
2011 : VELOCITA WIRELESS, LLC 401(K) PLAN 2011 401k financial data
Total income from all sources (including contributions)	2011-12-31	$-58,476
Total of all expenses incurred	2011-12-31	$846,009
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$845,909
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$66,303
Value of total assets at end of year	2011-12-31	$2,196,601
Value of total assets at beginning of year	2011-12-31	$3,101,086
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$100
Total interest from all sources	2011-12-31	$626
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$55,776
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2011-12-31	$0
Total dividends received from registered investment company shares (eg mutual funds)	2011-12-31	$55,776
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$500,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$46,150
Participant contributions at end of year	2011-12-31	$6,171
Participant contributions at beginning of year	2011-12-31	$8,048
Administrative expenses (other) incurred	2011-12-31	$100
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$-904,485
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$2,196,601
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$3,101,086
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$2,131,042
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$2,938,295
Interest on participant loans	2011-12-31	$612
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$59,388
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$154,743
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$154,743
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-12-31	$14
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$-181,181
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$20,153
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$845,909
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2011-12-31	No
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	No
Opinion of an independent qualified public accountant for this plan	2011-12-31	Qualified
Accountancy firm name	2011-12-31	WITHUM SMITH & BROWN
Accountancy firm EIN	2011-12-31	222027092
2010 : VELOCITA WIRELESS, LLC 401(K) PLAN 2010 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$578,677
Total of all expenses incurred	2010-12-31	$946,171
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$940,551
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$120,058
Value of total assets at end of year	2010-12-31	$3,101,086
Value of total assets at beginning of year	2010-12-31	$3,468,580
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$5,620
Total interest from all sources	2010-12-31	$1,948
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$37,676
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2010-12-31	$37,676
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$79,816
Participant contributions at end of year	2010-12-31	$8,048
Participant contributions at beginning of year	2010-12-31	$34,737
Administrative expenses (other) incurred	2010-12-31	$5,620
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$-367,494
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$3,101,086
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$3,468,580
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$2,938,295
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$3,140,644
Interest on participant loans	2010-12-31	$1,910
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$154,743
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$293,199
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$293,199
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$38
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$418,995
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$40,242
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$940,551
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2010-12-31	No
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Qualified
Accountancy firm name	2010-12-31	WITHUM SMITH AND BROWN
Accountancy firm EIN	2010-12-31	222027092
2009 : VELOCITA WIRELESS, LLC 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for VELOCITA WIRELESS, LLC 401(K) PLAN

2011: VELOCITA WIRELESS, LLC 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: VELOCITA WIRELESS, LLC 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	VELOCITA WIRELESS, LLC
Employer identification number (EIN):	260335467
NAIC Classification:	517000

Jurisdiction of Incorporation:	State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number:	4368758